Westfield to Split Up Australian Holdings from U.S. and U.K. Malls

The Wall Street Journal is reporting this morning that Australian malllandlord Westfield Group, which owns properties in Australia, New Zealand, U.S., U.K. and Europe, plans to sell a 50 percent stake in its centers in Australia and New Zealand to Westfield Retail Trust, which already owns half of those holdings. The move is meant to make the remaining centers in the U.S., U.K. and Europe more attractive to investors.
According to the Journal:
"The deal will leave Westfield with ...

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